Question: 18. The $1,000 face value ABC bond has a coupon rate of 6%, with interest paid annually, and matures in 3 years. If the bond

18. The $1,000 face value ABC bond has a coupon rate of 6%, with interest paid annually, and matures in 3 years. If the bond is priced to yield 4%, what is the bond's value today? A. $984.54 B. $989.64 C. $997.27 D. $1,055.50

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